What Value of G Makes the Two Series of Cash

question 3

Short Answer

What value of G makes the two series of cash flows described below equivalent at an interest rate of 18% per year?
A: 14 annual deposits in the amount of $150
B: 7 annual deposits in the amount of $150 in the first year, and increasing by $G each year.

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Definitions:

Agreeableness-conscientiousness

Personality traits that describe a person's general disposition to be cooperative, easy to get along with (agreeableness), and well-organized, responsible, and reliable (conscientiousness).

Extraversion-introversion

A personality trait spectrum where extraversion is characterized by sociability and outgoingness, and introversion by a preference for solitude and internal experiences.

Introversion

Introversion is a personality trait characterized by a preference for solitary activities and environments that are not overly stimulating; introverts often recharge by spending time alone.

Shyness

A personality trait characterized by feelings of apprehension, discomfort, or inhibition in social situations.